Development Status Of Travel Management Industry

In the 2016-2020 years' in-depth research and investment prospect forecast report of China's travel management industry, CIC said that the travel management industry has a low entry threshold, but the development barrier is high. It needs not only products but also strong comprehensive strength under the integration of technology, service, capital and brand.

When the TMC enterprise passes the survival level, enters the development stage, further enhances the brand competitiveness, constructs the competition barrier and so on the new round development goal, will raise the higher request to the TMC "Five Forces Model" each dimensionality ability.

The traditional small and medium sized TMC (TMC enterprises, including the agents after pformation), lack of comprehensive talents and expert leaders in technology and business, resulting in the lack of technological R & D capability and little technological achievements in terms of technology. In terms of products, the structure is single and the supply efficiency is low; in terms of funds, they are not good at making use of the three party financial solutions such as UATP, or because of technical reasons leading to inefficient utilization; and lack of standardization in service.

And sound quality management system can not provide sustained and stable service experience.

The obvious shortcomings of the "five force model" have proved why most enterprises in recent years have implemented the new bidding for strengthening business travel management. Most of them have eliminated the original agent type, the traditional small and medium-sized TMC, and turn to the new e-TMC with comprehensive competitiveness as the representative of "technology + service".

Since 2015, it has been observed from the latest developments in the industry of "where" by the airline, to adjust the agency fee and to standardize the distribution channels. It is known that the "direct descending generation" is profoundly affecting the survival and development of the traditional agents, and a lot of market space is released in the industry.

However, the market space released is only technology, brand, and so on.

The leading e-TMC company can absorb digestion.

Drawing lessons from OTA's large and continuous market share in the areas of high automation such as ticketing hotels, and forecasting that the electricity supplier will take up 50% of the social retail market in 2020 (of which more than 90% of the online retail volume is currently occupied by ALI), similar phenomena are not rare.

China Investment Consultants in 2016-2020 years of China

Industry in-depth research and investment prospects forecast report pointed out that the business travel management market seems to be at the stage of "a hundred schools of thought contending", but after experiencing a new round of technical background, the industry will enter the stage of oligopoly competition.

And the local TMC, which has the "technology + service" comprehensive strength represented by Ctrip business travel, Shang Dao business travel, Beijing Air China suit and tengbang international, will take the lead in the new round of competition.